A deal has to be a deal from the beginning... let the big guys take on the bad eggs and wait it out. 

hey just some advice from a plumber ive been doing plumbing for 5 years nowyou said you had a iron sump pit, likely the pit is beginning to corrode and thats the cause of the iron deposits, now a days most pits are made from composit plastics ,another possibility is the piping could be the cause if its a metal pipe [iron or galvinized steel ] it could be contaminating the water being pumped out, again most pipes now a days are PVC either sch 40 ,80 or ABS to prevent this issue, it could be the pump is corroded and failing but if its working i doubt that its that ad if the pump was that bad it likely would have failedother than those the only other thing that comes to mind is that it could be something in the basement that is made of iron or steel that is in the pathway to thw water on its journey to the pit.hope this helps

Feel free to PM me at your convenience.Once again, welcome, Dennis, and I wish you the best in your real estate investing career!

@Jason DiClemente I think you're being too generous about  them not caring about personal DTI. as a first multi and not much history, personal financials will be an important factor)-credit score doesn't get whacked too bad after your credit utilization goes way up-have 6 months of reserves, and maybe more -property is profitable to support both debt servicesthen you can probably knock this out.

That's not bad for a two year hold being a first time buyer.

Background Story; My fiance's best friend, recently going through a bad break up, has always rented (lives with her sister, her cats, and her sister's dog), but she thinks now it may be a good idea to finally buy as rents are high and even more difficult for ones allowing pets. 

I have had dozens of conversations with individuals who purchased through "networth" and were later left with a bad deal they where misinformed about.

Depends, if you made 5k on a 50k  and 1 month project, it ain't bad.

And, it was confusing to figure out how much taxes was owed and to differentiate good deals from bad ones.

Good or Bad investment idea?